A.M. Best Affirms Ratings of Infinity Property & Casualty Group.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A (Excellent) and the issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "a" of Infinity Property & Casualty Group (Infinity P/C) (Birmingham, AL) and its members. In addition, A.M. Best has affirmed the debt rating and the ICR of "bbb" of Infinity Property & Casualty Corporation's (IPCC See IMS Forum. ) (Birmingham, AL) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IPCC) $200 million 5.50% senior unsecured notes, due 2014. The outlook for all ratings is stable. The affirmation of the FSR reflects Infinity P/C's excellent capitalization, favorable earnings trend and strong non-standard automobile market presence. Infinity P/C ranks among the leading non-standard automobile writers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Business is heavily focused in California and Florida, which generates approximately two-thirds of direct business written. The FSR of A (Excellent) and the ICRs of "a" have been affirmed for the Infinity Property & Casualty Group and its following members: * Infinity Assurance Insurance Company * Infinity Auto Insurance Company * Infinity Casualty Insurance Company * Infinity General Insurance Company * Infinity Indemnity Insurance indemnity insurance Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments Company * Infinity Insurance Infinity Property & Casualty Corporation (NASDAQ: IPCC) is a national provider of car insurance. Infinity Insurance, a top-performing Infinity brand, provides nonstandard car insurance through more than 14,000 independent agents. Company * Infinity National Insurance Company * Infinity Preferred Insurance Company * Infinity Premier Insurance Company * Infinity Reserve Insurance Company * Infinity Safeguard Insurance Company * Infinity Security Insurance Company * Infinity Select Insurance Company * Infinity Specialty Insurance Company * Infinity Standard Insurance Company * Infinity County Mutual Insurance Company The ICR of "bbb" has been affirmed for Infinity Property & Casualty Corporation. The following debt rating has been affirmed: Infinity Property & Casualty Corporation-- -- "bbb" on $200 million 5.50% senior unsecured notes, due 2014 For Best's Debt Ratings, all other Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion